Market share is a key indicator used to measure how much share a company, product, or service controls in a specific market compared to its competitors. While this concept has traditionally been applied to industries like retail or manufacturing, market share is equally important in the world of Crypto Assets. In this rapidly changing field, understanding market share can help investors, developers, and traders assess the dominance, trends, and rise potential of different coins, Tokens, platforms, or exchanges.
Meaning of cryptocurrency market share
In the context of Crypto Assets, market share typically refers to the proportion of total value held by a specific coin or Token within the Crypto Assets market. For example, if Bitcoin accounts for 50% of the total market value of all Crypto Assets, then Bitcoin's market share is 50%.
This indicator is often used to compare the dominance of major assets, such as Bitcoin (BTC), Ethereum (ETH), and others. It is also applicable